REX FANG & Innovation Equity Premium Income ETF to Issue Dividend of $0.21 (NASDAQ:FEPI)

REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) declared a dividend on Tuesday, June 9th, NASDAQ Dividends reports. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.2133 per share on Thursday, June 11th. The ex-dividend date is Wednesday, June 10th.

REX FANG & Innovation Equity Premium Income ETF Trading Down 2.4%

NASDAQ FEPI traded down $1.07 on Wednesday, reaching $42.95. The stock had a trading volume of 187,677 shares, compared to its average volume of 197,652. The business has a 50 day moving average price of $43.48 and a 200 day moving average price of $43.78. REX FANG & Innovation Equity Premium Income ETF has a 1 year low of $37.90 and a 1 year high of $49.68. The company has a market capitalization of $645.11 million, a price-to-earnings ratio of 41.27 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in REX FANG & Innovation Equity Premium Income ETF by 43.0% in the first quarter. Janney Montgomery Scott LLC now owns 110,645 shares of the company’s stock valued at $4,389,000 after purchasing an additional 33,288 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in REX FANG & Innovation Equity Premium Income ETF by 21.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 55,257 shares of the company’s stock valued at $2,440,000 after purchasing an additional 9,934 shares in the last quarter. CoreCap Advisors LLC grew its stake in REX FANG & Innovation Equity Premium Income ETF by 8.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,037 shares of the company’s stock valued at $457,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC grew its stake in REX FANG & Innovation Equity Premium Income ETF by 19.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,734 shares of the company’s stock valued at $170,000 after purchasing an additional 600 shares in the last quarter. Finally, Private Wealth Asset Management LLC purchased a new position in REX FANG & Innovation Equity Premium Income ETF in the fourth quarter valued at about $36,000.

About REX FANG & Innovation Equity Premium Income ETF

The REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking to provide similar returns as the Solactive FANG Innovation Index and monthly income. The fund invests in the securities comprising the index while writing call options on them. FEPI was launched on Oct 9, 2023 and is issued by REX.